Suppose you intend to draw a sample of 100 residents from the large population of residents living
Question:
a. Sketch a graph of the sampling distribution that would assign probabilities to the various values that your sample mean computation could produce.
b. What is the probability that your sample mean will have a value somewhere between 37 and 39?
c. It is 80% likely that the sample mean you compute will be somewhere between ____ and ____ years. (Make your interval symmetric around the population mean.)
d. What is the probability that the sample mean you compute will be within 1.96 standard deviations (that is, ±1.96σx) of the mean age of the Blanchard County population? Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
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